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Stock Market & Financial Investment News

News Breaks
July 2, 2014
05:32 EDTNGLS, TRGPTarga Resources Partners downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded Targa Resources Partners (NGLS) to Market Perform from Outperform citing valuation but raised its price target range for shares to $67-$70 from $62-$65. Wells raised its price target range for Targa Resources (TRGP) shares to $156-$161 from $125-$130 and keeps an Outperform rating on the name.
News For NGLS;TRGP From The Last 14 Days
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April 22, 2015
09:33 EDTTRGPTarga Resources downgraded to Equalweight from Overweight at Capital One
April 21, 2015
18:38 EDTNGLSTarga Resources Partners raises quarterly dividend to 82c per share
Targa Resources Partners announced that the board of its general partner has declared a quarterly cash distribution of 82c per common unit, or $3.28 on an annualized basis, for Q1. The approved distribution represents increases of approximately 1.2% over the previous quarter's distribution. This cash distribution will be paid May 15, on all outstanding common units to holders of record as of the close of business on May 4.
18:37 EDTTRGPTarga Resources raises quarterly dividend to 83c per share
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18:32 EDTTRGPTarga Resources expects FY15 effective cash tax rate of 5%-10%
TRC expects FY15 dividend growth of 25%+ over 2014, resulting in about 1.0 times dividend coverage. Sees FY15 effective cash tax rate of 5%-10% and in the near term beyond 2015, an annual effective cash tax rate less than 15%.
18:31 EDTNGLSTarga Resources Partners sees FY15 gross growth CapEx $700M-$900M
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18:29 EDTNGLSTarga Resources expects flat to low single digit volume growth for FY15
Given the commodity price environment and current expectations for producer activity, TRP expects flat to low single digit 2015 average volume growth for our field gathering and processing operations compared to Q4 of FY14 volumes. Additionally, if commodity prices do not improve from current levels over the course of 2015, average 2016 TRP field volumes may be lower than average 2015 volumes. In the Logistics and Marketing division, TRP expects that 2015 operating margin may be modestly lower than 2014 operating margin. We expect 2015 distribution growth for TRP of 4%-7% over 2014 and approximately 1.0 times distribution coverage.
April 17, 2015
16:24 EDTNGLSTarga Resources Partners files $1B mixed securities shelf
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April 13, 2015
07:13 EDTNGLSWells Fargo to hold a conference
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